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and why does fail to mention the reason Tories opposed a lot of his plans + still do is simply because the UK doesn't have the money?

how can people sit there and clap someone who is basically saying we'll all be in debt for decades, but trust me it's better than taking the medicine in a short, sharp shock now? i would rather have my tooth out quickly than push it and prod it until it dangles by a thread.

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They will either be lost through huge increases in wealth and income taxes required to feed the national debt if we fall into a deflationary death spiral or they will be crushed into oblivion if QE works and we enter into a phase of high inflation.

The only real drama is the means by which we will lose them. It is a given that we will lose them.

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They will either be lost through huge increases in wealth and income taxes required to feed the national debt if we fall into a deflationary death spiral or they will be crushed into oblivion if QE works and we enter into a phase of high inflation.

The only real drama is the means by which we will lose them. It is a given that we will lose them.

Its got to be paid back somehow. Either it gets paid back through the country earning or from confiscating peoples savings.

The UK is going in the wrong direction as a wealth creating country so the alternative looks the more likely.

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They will either be lost through huge increases in wealth and income taxes required to feed the national debt if we fall into a deflationary death spiral or they will be crushed into oblivion if QE works and we enter into a phase of high inflation.

The only real drama is the means by which we will lose them. It is a given that we will lose them.

1-2 weeks ago there was a rumour about a big European bank going down, this hasn't happened......yet. remember most european banks have a sliced up & lent to infinity share, UK banks WILL be affected without a doubt. My money is on Santander, now who is it they own again....

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They will either be lost through huge increases in wealth and income taxes required to feed the national debt if we fall into a deflationary death spiral or they will be crushed into oblivion if QE works and we enter into a phase of high inflation.

The only real drama is the means by which we will lose them. It is a given that we will lose them.

There will be no deflationary death spiral, and even if there were, money would still have even more value. What Gordon probably means is that if we don't get a recovery soon through blind hope, he will have borrowed so much that savings will need to be confiscated to pay the debts and taxes will be increased to protect all public sector jobs. QE could still be expanded to inflate all savings away, anything in fact to still pay the public sector with money we have not got. The sooner he goes the better, as we are facing disaster with the madman.

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There will be no deflationary death spiral, and even if there were, money would still have even more value. What Gordon probably means is that if we don't get a recovery soon through blind hope, he will have borrowed so much that savings will need to be confiscated to pay the debts and taxes will be increased to protect all public sector jobs. QE could still be expanded to inflate all savings away, anything in fact to still pay the public sector with money we have not got. The sooner he goes the better, as we are facing disaster with the madman.

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I have done the best that I can to overlay a matrix of possible outcomes and investment performance for each asset class given each outcome and have tried to optimise the risk / reward.

No matter how much thought one puts into it, there is still a risk that something unexpected happens. I am very far from complacent at the moment even though the market seems to be telling us that we can relax a bit .....